Empire Residence in Jumeirah Village Circle - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Empire Residence

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	38	15,759	605,000

Rents in Empire Residence

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	38	1,221	45,974
1	68	1,064	72,000

The cap rate (rental yield) of investments into Empire Residence project is 7.0% on average.

The price of an apartment in Empire Residence is 15,759 AED/sqm on average.

The long term rent of an apartment in Empire Residence is 1,098 AED/sqm/year on average.

Price for completed Studio apartment in Empire Residence is 605,000 AED or 15,759 AED/sqm.

Rent for Studio apartment in Empire Residence is 45,974 AED or 1,221 AED/sqm.
Rent for 1 bedroom apartment in Empire Residence is 72,000 AED or 1,064 AED/sqm.

About Empire Residence

'Empire Residence' in 'Jumeirah Village Circle' area project description

Empire Residence is a sophisticated residential development nestled in the thriving community of Jumeirah Village Circle (JVC), Dubai. The project epitomizes modern urban living, characterized by its stylish, meticulously planned spaces, contemporary architecture, and an array of luxurious amenities. Designed to cater to the needs of both families and single professionals, it provides a harmonious blend of comfort, convenience, and elegance.

The apartments in Empire Residence are thoughtfully designed, offering a mix of studio, one-bedroom, and two-bedroom units. Each unit boasts high-quality finishes, spacious layouts, and large windows that flood the interiors with natural light. The kitchens are equipped with state-of-the-art appliances, and the bathrooms feature top-of-the-line fixtures, providing a sense of luxury and functionality. Balconies are also a key feature, offering residents a private outdoor space to enjoy the views of the surrounding neighborhood.

Empire Residence prides itself on a host of amenities aimed at enhancing the lifestyle of its residents. The project includes a fully equipped fitness center, ensuring that residents can maintain a healthy lifestyle without leaving the comfort of their home. There's also a temperature-controlled swimming pool, perfect for relaxation and leisure. For families with children, the development features a dedicated play area, ensuring the little ones have a safe and fun environment to enjoy.

The rooftop area adds an extra layer of allure to Empire Residence, providing a communal space where residents can socialize, relax, or simply take in the panoramic views of the city. Landscaped gardens and outdoor seating areas contribute to a serene, community-oriented atmosphere within the development.

In terms of location, Empire Residence benefits from Jumeirah Village Circle’s strategic positioning within Dubai. It provides easy access to major road networks, making it convenient for residents to commute to various key destinations across the city. The proximity to schools, shopping centers, restaurants, and healthcare facilities ensures that all necessary amenities are within reach, making day-to-day life hassle-free.

Security and privacy are paramount in Empire Residence. The development is equipped with 24-hour security and surveillance systems, giving residents peace of mind. Additionally, ample parking spaces are provided to accommodate both residents and their guests.

Empire Residence in Jumeirah Village Circle stands out as a desirable address in Dubai’s real estate market. It offers a harmonious blend of modern design, luxurious amenities, and a strategic location, making it an ideal choice for those seeking a high-quality living experience in one of Dubai’s vibrant communities.

Q&A on Empire Residence

What are the advantages of 'Empire Residence' project in Dubai for property buyers? What are the disadvantages?

Advantages of 'Empire Residence' in Jumeirah Village Circle:

1. Prime Location: Jumeirah Village Circle (JVC) is one of Dubai's most sought-after residential communities, offering a strategic location with easy access to major highways like Sheikh Mohammed bin Zayed Road, enhancing connectivity to other parts of the city.

2. Modern Amenities: The project often features a range of contemporary amenities such as swimming pools, fitness centers, children's play areas, and landscaped gardens, catering to both families and young professionals.

3. Affordable Luxury: Compared to other high-end areas in Dubai, properties in JVC, including Empire Residence, are typically more affordable while still offering luxurious living standards.

4. Community Lifestyle: JVC is designed to promote a sense of community with numerous parks, schools, and retail options which provide residents with a comfortable and self-contained living experience.

5. Investment Potential: With Dubai's real estate market showing strong growth, investing in a well-located and well-appointed project like Empire Residence can offer significant appreciation potential as well as rental income.

6. Quality Construction: Many new developments, including Empire Residence, emphasize high-quality construction and modern design, ensuring durability and appealing aesthetics.

Disadvantages of 'Empire Residence' in Jumeirah Village Circle:

1. Construction and Infrastructure: While JVC is rapidly developing, ongoing construction in the area can lead to noise pollution, traffic delays, and other temporary inconveniences.

2. Property Oversupply: Dubai's real estate market has faced issues with oversupply in certain areas, which can potentially affect the long-term appreciation and rental yields of properties.

3. Limited Public Transportation: Although JVC is well-connected by road, public transportation options are relatively limited when compared to more central areas of Dubai, which might be a concern for non-drivers.

4. Long-term Maintenance Costs: High-end amenities and facilities come with higher maintenance fees, which can add to the ongoing costs for property owners, impacting their overall return on investment.

5. Market Fluctuations: The Dubai real estate market is known for its volatility. While there's potential for high returns, market downturns can also adversely affect property values.

6. Community Saturation: As JVC has become increasingly popular, there's a risk of the area becoming overpopulated, which might affect the quality of living and lead to congestion and increased competition for amenities.

What projects are better than 'Empire Residence' project in Dubai which are located close by, and why?

- Belgravia III: Developed by Ellington Properties, this project features high-quality materials, modern design, and excellent amenities such as a swimming pool, fitness center, and landscaped gardens. It emphasizes community living and offers extensive communal spaces.

- Five Jumeirah Village: Known for its unique circular architecture, this project by Five Hotels and Resorts offers both luxury residential options and hotel services. Amenities include multiple swimming pools, a spa, gourmet dining options, and breathtaking views.

- Bloom Heights: This mid-rise development by Bloom Properties offers a blend of affordable and luxurious living spaces. Key attractions include beautiful architecture, high-end interiors, and amenities like pools, gyms, and retail outlets, as well as being competitively priced.

- The Square: Developed by Tiger Properties, The Square offers a mix of commercial and residential spaces with modern amenities including a swimming pool, fitness center, and children's play area. Its contemporary design and practicality make it a highly desirable option.

- Zaya Hameni: This award-winning development by Zaya Living focuses on sustainability and luxury, featuring wellness amenities such as a spa, yoga terraces, and organic restaurants. The high-quality finishes and green spaces make it one of the top choices in Jumeirah Village Circle.

These projects stand out due to their unique architectural designs, top-notch amenities, quality of materials used, and the reputation of their developers. Each offers a distinct lifestyle and investment proposition that may cater to various preferences and needs.

What are the closest schools to 'Empire Residence' project in Dubai?

JSS International School is located within Jumeirah Village Circle itself, providing convenient access for families in the area.

Nord Anglia International School Dubai is located approximately a 15-minute drive away in Al Barsha.

GEMS World Academy is situated about 15 minutes away by car in Al Barsha South.

Sunmarke School, another option, is around a 15-minute drive and is located in Jumeirah Village Triangle.

Dubai British School is located roughly 17 minutes away by car in The Springs community.

What are the closest medical clinics to 'Empire Residence' project in Dubai?

1. Karama Medical Centre - Jumeirah Village Circle, Seasons Community, JVC.
2. Right Health Karama Medical Centre - Diamond Views 3, JVC.
3. Mediclinic Me’aisem - City Centre Me’aisem, Al Fay Road.
4. Your Health Clinic & One Day Surgery - Al Barsha South, Arjan.
5. Apex Medical & Dental Clinics - Motor City, Avenue Mall.